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Sheffield Corp. manufactures a product that requires two pounds of direct material. During 2022, Sheffield purchases 22500 pounds of material for $69500 when the

Sheffield Corp. manufactures a product that requires two pounds of direct material. During 2022, Sheffield purchases 22500 pounds of material for $69500 when the standard price per pound is $3. During 2022, Shipp uses 12000 pounds to make 7000 products. The standard direct material cost per unit of finished product is $6.55. $6.28. $11.58. $6.00.

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